New licensing round announced

New licensing round announced

The Ministry of Petroleum and Energy has announced the annual licensing round for mature areas on the continental shelf. The aim is to award new production licences in the announced areas in early 2013, Norway Post reported. “Awards in pre-defined areas (APA) is an important tool in managing the petroleum resources on the Norwegian shelf and they are also a key instrument in our strategy for the mature areas. Small discoveries can be tied in to existing infrastructure and there may ...

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